Sei Investments Co. Acquires 80,580 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Sei Investments Co. grew its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 26.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,893 shares of the real estate investment trust's stock after buying an additional 80,580 shares during the quarter. Sei Investments Co. owned approximately 0.49% of PotlatchDeltic worth $15,107,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PCH. Xponance Inc. boosted its holdings in shares of PotlatchDeltic by 4.3% in the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock valued at $420,000 after buying an additional 446 shares during the last quarter. Cibc World Markets Corp lifted its stake in PotlatchDeltic by 49.1% in the fourth quarter. Cibc World Markets Corp now owns 28,300 shares of the real estate investment trust's stock valued at $1,111,000 after acquiring an additional 9,322 shares during the last quarter. Moors & Cabot Inc. increased its position in PotlatchDeltic by 10.4% during the fourth quarter. Moors & Cabot Inc. now owns 14,106 shares of the real estate investment trust's stock worth $554,000 after buying an additional 1,327 shares during the last quarter. Natural Investments LLC bought a new stake in PotlatchDeltic in the 4th quarter valued at $370,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in PotlatchDeltic by 12.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,905 shares of the real estate investment trust's stock valued at $899,000 after purchasing an additional 2,447 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Citigroup cut their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Truist Financial dropped their target price on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a report on Monday, January 6th. Finally, Raymond James raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Monday, December 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $48.71.

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH traded up $0.04 during midday trading on Wednesday, hitting $44.86. The stock had a trading volume of 418,650 shares, compared to its average volume of 433,896. The company's 50-day moving average price is $44.87 and its 200-day moving average price is $43.26. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $48.12. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.53 billion, a P/E ratio of 160.21 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. As a group, equities research analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend payout ratio is presently 642.86%.

Insiders Place Their Bets

In related news, CEO Eric J. Cremers sold 14,188 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the transaction, the chief executive officer now owns 281,133 shares in the company, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the sale, the vice president now owns 39,446 shares in the company, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,651 shares of company stock valued at $834,770. 2.00% of the stock is currently owned by corporate insiders.

PotlatchDeltic Company Profile

PotlatchDeltic Corporation Nasdaq: PCH is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.